Expert: John - 11/6/2010

Question
I have found a house that the owner hasn't paid the taxes on in several years. I am not certain if the debt has gone to lawsuit or not. I have spoken with the owner and he is willing to owner finance the house for me for the amount needed to pay off the taxes owed and a small bit more for himself. Can this be done with outstanding taxes owed? How do I protect myself so that the back taxes are paid and the house is not seized by the city? We are in Fort Worth TX. Can you please give me a scenario depending on whether it has gone to lawsuit or not?

Answer
No.
If he owes back taxes and has not paid them, how is he going to finance the house to you?  He would have to pay the taxes in order to do this.  
Call the city/town and talk to the tax person, and find out when the tax sale is.  If not on it, then you have time o buy it or wait for it to be added to the sale list.
John



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